alexander Richard R 4

What Happened Richard R. Alexander, Vice President of Genesis Energy LP (GEL), received an award of 34,965 phantom units (derivative award) on April 14, 2026. These phantom units are cash‑settled and tied to the company’s common unit closing price on the vesting date, so no actual common units were issued at grant and no open‑market purchase or sale occurred.

Key Details

• Transaction date: April 14, 2026 (Form 4 filed May 13, 2026).
• Award size: 34,965 phantom units; price listed as N/A because units are cash‑settled (derivative).
• Vesting: Fully vests on April 14, 2029 (third anniversary), subject to continued employment and earlier vesting on certain specified events.
• Shares owned after transaction: Not disclosed in the Form 4 filing.
• Filing timeliness: Filing appears late — SEC insiders generally must file Form 4 within 2 business days of the transaction; this was filed ~29 days after the grant.
• Footnote highlights:
  • Each phantom unit equals the economic value of one common unit and will be paid in cash based on the closing price at vesting.
  • Award includes “distribution equivalent” rights: cash payments equal to quarterly distributions on the unvested phantom units.
  • Award vests in full on April 14, 2029, subject to continued employment and certain acceleration triggers.

Context This was a grant of derivative compensation (phantom units), not a purchase or sale of common units. Cash‑settled awards are a form of executive compensation intended to align pay with unit value; they do not create immediate open‑market buying pressure. The late filing reduces transparency for investors and is worth noting but does not by itself indicate insider intent.